chief risk officer (CRO)
Newer title denoting an executive-level individual responsible for an organization's
strategies, objectives, and techniques for handling all types of risk facing
the enterprise. This is a holistic approach to risk that takes into account
the company's growth, profit, and revenue. CROs are concerned not only with
hazard risk (the traditional realm of risk managers) but also operational and
financial risks. Financial institutions have led the way in establishing CRO
positions.